Owner Operator Insurance Requirements New Smyrna Beach, Florida
JDW Truckers Insurance can answer your questions regarding Owner Operator Insurance Requirements New Smyrna Beach, Florida. We work with the top commercial truck insurance companies and will help you find affordable owner operators truck insurance.
We have a large network of commercial truck insurance companies New Smyrna Beach, Florida with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in New Smyrna Beach, Florida in place you will be insured by a financially stable commercial truck insurance company. This is important for many reasons. Contact JDW Truckers Insurance and our agents will review the reasons owner operators should choose their insurance company wisely. Not all owner operator truck insurance policy are created equally.
We will help you customize your owner operators trucking insurance policy to suit your needs and fit your budget.
From one application we can shop & compare commercial truck insurance rates for the top-rated commercial truck insurance companies for you. We will help you find the required commercial truck insurance coverages at affordable rates.
Here are some of the top 10 commercial truck insurance companies which offer commercial truck insurance quotes.
We know trucking and the commercial trucking insurance requirements
- Knight
- Trisura
- Berkley Prime
- Falls Lake
- Progressive
- Travelers
- Seneca
- Great Lakes
- Allied World
- Allianz
- Ace Hazmat
- ACE Fleet
- United Specialty
- Hudson Fleet
- Markel
- Chubb
- Tokio Marine
- National General
- Lexington
- AIG
- Great American
- ACE / Westchester
- NICO
- National Casualty / Nationwide
- Scottsdale Brokerage
- IAT
- Crum Forster
- Canal
- Northland
- USLI
- James River
- IFG – Burlington
- Penn-America
- Century
- Hallmark
- Carolina Casualty
- Protective
Auto Liability Insurance
- Your auto liability or primary liability will be the major cost for your trucking insurance policy. Although the FMCAS can only require $750,000 in most cases shippers will require $1,000,000 in primary liability insurance coverage before they will allow you to pick up loads.
- Primary liability insurance covers damages to third parties for bodily injury and physical damage to others property in the event of an accident.
Medical Pay
- In most cases this is a low cost add on to your primary liability insurance to cover medical expenses.
PIP – Personal Injury Protection
- Some states require this coverage and, in many cases, can reduce the need for Medical Pay.
- Personal injury protection (PIP), also known as no-fault insurance, covers medical expenses and lost wages of you and your passengers if you’re injured in an accident. PIP coverage protects you regardless of who is at fault.
Uninsured Motorist
- If you’re hit by a driver with no insurance…
- Uninsured motorist bodily injury (UMBI) may pay medical bills for both you and your passengers.
- Uninsured motorist property damage (UMPD) may pay for damage to your vehicle.
Underinsured Motorist
- If you’re hit by a driver with not enough insurance…
- Underinsured motorist bodily injury (UIMBI) may pay medical bills for both you and your passengers
- Underinsured motorist property damage (UIMPD) may pay for damage to your vehicle
Motor Truck Cargo
- MTC or Cargo insurance provides insurance on the freight or commodity hauled by a for-hire trucker. It covers your liability for cargo that is lost or damaged due to causes like fire, collision or striking of a load.
- If your load is accidentally dumped on a roadway or waterway, some cargo forms offer Removal Expenses coverage pays for removing debris or extracting pollutants caused by the debris. And can also pay for costs related to preventing further loss to damaged cargo through Sue and Labor Coverage and legal expenses in the defense or settlement of claims. Another option is Earned Freight Coverage to cover freight charges the customer loses because of an undelivered load.
- Cargo insurance deductibles can be set at $1,000, $2,500, $5,000 or even higher if you are self-insured.
- Cargo coverage limits are normally set at $100,00 but some shippers may have higher requirements depending on the cargo you are hauling.
- Cargo policies can have exclusions stating what cargo it will or will not cover.
Trucking Physical Damage Insurance (PD)
- Physical damage insurance coverages are designed to pay for losses to your equipment and damages to others equipment. (Others equipment must be listed on your policy).
- If you own or lease equipment. You may be required to have PD by bank or leasing company to carry a set amount of physical damage insurance and name them as a Loss Payee.
- PD can also cover damage to others equipment you are in possession of if the coverage is listed on your policy. An example would be non-owned trailer insurance coverage.
- Deductibles for physical damage range from $1,000 to $5,000.
- Required deductibles. If you have a loan on your equipment or it is leased. They bank or leasing company may have a minimum deductible you can have on your physical damage policy.
Excess Liability Insurance
- Excess liability can sometimes be called umbrella insurance.
- The excess liability policy sits on top of your primary liability policy.
- For example, if you have $1,000,000 in primary lability coverage and you have a claim which exceeds the policy limit of $1,000,000. In most cases that is all the insurance carriers will try to pay out for a claim.
- Excess policy coverage starts at $1,000,000 and go up.
- So, let’s say you say you purchased a $1,000,000 excess policy. Now if you have a claim that is $1,500,000. Your primary would pay the first $1,000,000 and your excess would pay the remaining.
General Liability Insurance for Truckers
- General liability insurance for truckers should not be confused with primary liability for truckers.
- Similar to primary liability. General liability offers coverages to pay for physical damage to other and/or bodily injury to others. BUT there is a difference between the two.
- For example, if you are loading or unloading and you cause injury to someone or their property this is when the general liability policy would respond.
- The actions of a driver while representing the insured and on the premises of others, such as loading docks and truck stops
- General Liability is normally offered $1,000,00 per occurrence and $2,000,00 aggregate. What does this mean?
- It the insurance company will pay up to $1,000,000 for any one claim and no more than $2,000,000 per year for the total of all claims.
- General liability can be required by shippers and other companies such as the UIIA and flatbed operations.
- If there is any chance you might be involved in loading or unloading. General Liability is relatively inexpensive and is an advised coverage.
Non-Owned Trailer Insurance vs Trailer Interchange (TI)
- Both are insurance coverages are designed to cover damage to others trailers.
- Deductibles for either can range from $1,000 to $5,000.
- Coverage limits for either can range from $25,000 and up depending on the requirements of the company and/or shipper freight you are hauling for.
The difference between Non-Owned Trailer coverage and Trail Interchange coverage
- Non-owned trailer insurance covers physical damage to the trailer only when attached to a truck. And no written agreement is place.
- Trailer Interchange requires a written trailer interchange agreement to be in place. It can provide protection when you have care, custody and control of one, or many, trailers. Whether the trailer is attached to your truck or not.
New Smyrna Beach is a city in Volusia County, Florida, United States, located on the central east coast of the state, with the Atlantic Ocean to the east. Its population is 30,142 in 2020 by the United States Census Bureau.
The downtown section of the city is located on the west side of the Indian River and the Indian River Lagoon system. The Coronado Beach Bridge crosses the Intracoastal Waterway just south of Ponce de Leon Inlet, connecting the mainland with the beach on the coastal barrier island.
The surrounding area offers many opportunities for outdoor recreation; these include fishing, sailing, motorboating, golfing, and hiking. Visitors participate in water sports of all kinds, including swimming, scuba diving, kitesurfing, and surfing. In July 2009, New Smyrna Beach was ranked number nine on the list of “best surf towns” in Surfer. It was recognized as “one of the world’s top 20 surf towns” by National Geographic in 2012. It has also been dubbed “The Shark Bite Capital of the World.”
The area was first settled by Europeans in 1768, when Scottish physician Dr. Andrew Turnbull, a friend of James Grant, the governor of British East Florida, established the colony of New Smyrna. Dr. Turnbull had married Gracia Dura Bin (some sources give her name as Maria Gracia Rubini), the daughter of a Greek London merchant from the Ottoman city of Smyrna (modern-day İzmir in Turkey) and named the settlement in honor of his wife’s birthplace, and the homeland of some of those in his future labor force who were Greek from the Mani peninsula. No one had previously attempted to settle so many people at one time in a town in North America.
Turnbull recruited about 1,300 settlers, intending for them to grow hemp, sugarcane, and indigo, as well as to produce rum, at his plantation on the northeastern Atlantic coast of Florida. The majority of the colonists came from Menorca (historically called “Minorca” in English), one of the Mediterranean Balearic Islands of Spain, and were of Catalan culture and language. Around 500 or so came from the Mani peninsula of Greece.
Although the colony produced relatively large amounts of processed indigo in its first few years of operation, it eventually collapsed after suffering major losses due to insect-borne diseases and Indian raids, and growing tensions caused by mistreatment of the colonists on the part of Turnbull and his overseers. The survivors, about 600 in number, marched nearly 70 miles north on the King’s Road and relocated to St. Augustine, where their descendants live to this day. In 1783, East and West Florida were returned to the Spanish, and Turnbull abandoned his colony to retire in Charleston, South Carolina.
The St. Photios Greek Orthodox National Shrine on St. George Street in St. Augustine honors the Greeks among the settlers of New Smyrna; they were the first Greek Orthodox followers in North America. The historical exhibit adjoining the chapel tells the story of their plight, with accompanying exhibits, and of their contributions to the city.
Central Florida remained sparsely populated by white settlers well into the 19th century, and it was frequently raided by Seminole Indians trying to protect their territory. United States troops fought against them in the Seminole Wars, but they were never completely dislodged.
During the Civil War, on March 23, 1862, portions of the 3rd Florida Infantry Regiment defeated a small U.S. naval force that was attempting to land near New Smyrna. Later on, in 1863, the “Stone Wharf” was shelled by Union gunboats.
In 1887, when New Smyrna was incorporated, it had a population of 150. In 1892, Henry Flagler provided service to the town via his Florida East Coast Railway. This led to a rapid increase in the area’s population. Its economy grew as tourism was added to its citrus and commercial fishing industries.
During Prohibition in the 1920s, the city and its river islands were popular sites for moonshine stills and hideouts for rum runners, who came from the Bahamas through Mosquito Inlet, now Ponce de León Inlet. “New Smyrna” became “New Smyrna Beach” in 1947, when the city annexed the seaside community of Coronado Beach. Today, it is a resort town of over 20,000 permanent residents.
Like St. Augustine, established by the Spanish, New Smyrna has been under the rule of four “flags”: the British, Spanish, United States (from 1821, with ratification of the Adams–Onís Treaty), and the Confederate Jack. After the end of the Civil War in 1865, it returned with Florida to the United States.
New Smyrna Beach’s motto is cygnus inter anates, which is Latin for “a swan among ducks.” The city is located in the so-called “Fun Coast” region of the state of Florida, a regional term created by the Daytona Beach/Halifax area Chamber of Commerce. This coincides with the local area code, 386, which spells FUN on touchtone phones. According to the United States Census Bureau, it has a total area of 37.8 square miles (98.0 km); 34.6 square miles (89.7 km) of it are land, and 0.31 square miles (0.8 km2) of it (8.46%) is covered by water. It is bordered by the city of Port Orange to the northwest, unincorporated Volusia County to the north, the census-designated place of Samsula-Spruce Creek to the west, and the cities of Edgewater and Bethune Beach and the Canaveral National Seashore to the south. Bounded on the east by the Atlantic Ocean, New Smyrna Beach is on the Indian River. The city is connected to other parts of the state by Interstate 95, U.S. Route 1, and State Road 44.
Like the rest of Florida north of Lake Okeechobee, New Smyrna Beach has a humid subtropical (Köppen Cfa) climate characterized by hot, humid summers and warm, mostly dry winters. The rainy season lasts from May until October, and the dry season, from November to April. New Smyrna averages only about two freezes per year, and many species of subtropical plants and palms are grown in the area. The city has recorded snowfall only three times in its 250-year history. The summers are long and hot, with frequent severe thunderstorms in the afternoon, as central Florida is the lightning capital of North America. Winters are pleasant with frequent sunny skies and dry weather.
Weather hazards include hurricanes from June until November, though direct hits are rare. Hurricane Charley exited over New Smyrna Beach on August 13, 2004, after crossing the state in a northeastern direction from its initial landfall in Punta Gorda. The storm caused extensive damage to the beachside portion of the city and toppled many historic oak trees in the downtown area and along historic Flagler Avenue.
As of the census of 2010, 22,464 people, 11,074 households, and 6,322 families resided in the city. The population density was 724.1 inhabitants per square mile (279.6/km). The 16,647 housing units averaged 491.9 per square mile (189.9/km). The racial makeup of the city was 90.8% White, 5.9% African American, 0.3% Native American, 1.1% Asian, 0.5% from other races, and 1.4% from two or more races. Hispanics or Latinos of any race were 2.8% of the population.
Of the 11,074 households, 14.8% had children under the age of 18 living with them, 44.1% were married couples living together, 9.4% had a female householder with no husband present, and 42.9% were not families. About 35.3% of all households were made up of individuals, and 18.2% had someone living alone who was 65 years of age or older. The average household size was 2.01 and the average family size was 2.54.
In the city, the population was distributed as 13.9% under the age of 18, 3.6% from 20 to 24, 17.9% from 25 to 44, 31.3% from 45 to 64, and 31.6% who were 65 years of age or older. The median age was 54.3 years. Females were 52.1% of the population, and males were 47.9%.
The median income for a household in the city was $49,625, and for a family was $62,267. Males had a median income of $38,132 versus $32,087 for females. The per capita income for the city was $31,013. About 10.9% of families and 13.0% of the population were below the poverty line, including 21.9% of those under age 18 and 8.3% of those aged 65 or over.
The population continues to increase with new condominium development.
All public education is run by Volusia County Schools.
Named one of “America’s Top Small Cities for the Arts”, New Smyrna Beach is home to the Atlantic Center for the Arts, an artists-in-residence community and educational facility, the Harris House, the Little Theatre, and a gallery of fine arts, Arts on Douglas. Arts shows featuring visual and performing arts occur throughout the year.
The New Smyrna Speedway is a half-mile paved racetrack opened in 1967 that currently hosts the ARCA Menards Series East, NASCAR Whelen Modified Tour, Southern Super Series and World Series of Asphalt Stock Car Racing.
According to the International Shark Attack File maintained by the University of Florida, in 2007, Volusia County had more confirmed shark bites than any other region in the world. Experts from the university have referred to the county as having the “dubious distinction as the world’s shark-bite capital”. The trend continued in 2008, when the town broke its own record, with 24 shark bites. An Orlando Sentinel photographer shot a picture of a four-foot spinner shark jumping over a surfer, a reversal of “jumping the shark”.
Sharks bit three different surfers on September 18, 2016, in the span of a few hours at the same beach. Very few of the shark bites are fatal.
Elected city government officials include: